Latest news with #Metinvest
Reuters
09-05-2025
- Business
- Reuters
Ukraine steel output rises 1% so far in 2025, producers union says
KYIV, May 9 (Reuters) - Ukraine maintained steel production growth in the first four months of 2025 despite the loss of the coking coal mine in Pokrovsk in the eastern part of the country, data from the Ukrainian steel producers' union showed on Friday. Ukrainian steelmaker Metinvest suspended operations at Ukraine's only coking coal mine, citing a deteriorating security situation as Russian forces advanced. Raw steel output rose by 1% in January-April to 2.43 million metric tons from 2.40 million in the same period of 2024, the data showed. Steel production has suffered since Russia's invasion in February 2022, which has led to the destruction of leading steel plants. Ukraine, formerly a major steel producer and exporter, reported a 70.7% drop in output in 2022 to 6.3 million tons. It fell to 6 million tons in 2023 but increased to 7.58 million in 2024.
Yahoo
09-04-2025
- Business
- Yahoo
Ukrainian steelmaker receives first batch of US coking coal after Pokrovsk mine halt
Metinvest, Ukraine's largest steel producer, has received the first shipment of 80,000 metric tons of coking coal from its U.S.-based enterprise this year, the company said on April 8. The U.S. supplies are meant to offset the loss of coking coal from the mine near Pokrovsk, which has suspended operations as Russian forces are closing in on the Donetsk Oblast town. The Ukrainian steelmaker is set to receive a vessel carrying 80,000 metric tons of coal every month to support its operations in the Zaporizhstal and Kamet Steel plants. "Despite the challenging conditions in the Ukrainian steel industry due to the aggressor's ongoing invasion, we have mobilized our resources to ensure the industry's operation," said Yurii Ryzhenkov, Metinvest's CEO. "Although coking coal import is more expensive than its domestic equivalent due to logistics, this is an important step to help the Ukrainian economy," the chief executive said, adding that U.S. coal supplies will also provide tens of thousands of jobs and help boost tax revenue. Metinvest is receiving supplies from United Coal Company, a producer based in the Appalachian region that was acquired by the Ukrainian steelmaker in April 2009. The Pokrovsk coal mine is one of Eastern Europe's largest and Ukraine's sole producer of coking coal, a key component in steelmaking—Ukraine's second-largest export after agriculture. Pokrovsk, a crucial logistics hub for Ukrainian forces, has been the focus of fierce fighting as Russia intensifies its offensive in Donetsk Oblast. Read also: In Kyiv, skepticism about ceasefire reigns as Russia ramps up deadly attacks and US remains mute We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Bloomberg
08-04-2025
- Business
- Bloomberg
Ukraine's Top Steelmaker Receives First Coal Shipment From US
Ukraine's biggest steelmaker, Metinvest BV, received the first batch of imported coking coal from its US subsidiary after Russian offensives forced it to shut a local mine. The steelmaker has unloaded 80,000 tons of coal from United Coal Company LLC, the Appalachian-based producer that Metinvest acquired in 2009.
Yahoo
27-03-2025
- Business
- Yahoo
Veterans organization gives back to severely wounded 'appreciative' Ukrainian soldiers
One American veterans nonprofit is giving back to Ukrainian soldiers severely wounded in combat or in Russian war camps. The American Warrior Partnership (AWP), a 501c3 based in Georgia, seeks to address mental wellness challenges for veterans "long before a crisis occurs," according to its website. President Jim Lorraine, himself an Air Force veteran, shared with Fox News Digital AWP's partnership in aiding Ukrainian soldiers. Trump Pauses Aid To Ukraine After Fiery Meeting With Zelenskyy "The American Warrior Partnership is a national veterans-serving nonprofit," Lorraine said. "Our focus is on getting to know veterans all over the country, understanding what they need on one hand, and then connecting them to local and national resources on the other, with the goal of improving their quality of life so that they have such a high quality of life that that suicide is not something they contemplate." The AWP recently teamed up with Metinvest, a group of steel and mining companies that operates in the U.S. and Ukraine and is Ukraine's largest company, to help transition thousands of their employees serving on the frontline back into the workforce. Read On The Fox News App According to Ukrainian President Volodymyr Zelenskyy's estimates, 380,000 of his country's soldiers have been injured in the ongoing war with Russia. Approximately 57,000 of those have suffered severe amputations, putting Ukraine in a challenging position to reintegrate hundreds of thousands of injured service members back into civilian life. Metinvest hired AWP directly for this initiative, ensuring that no U.S. grant funds designated for American veterans were used in assisting Ukrainian veterans. The collaboration operates entirely using Metinvest's resources, reinforcing a commitment to supporting veterans without diverting aid intended for U.S. service members. Trump Holds 'Very Good' Call With Zelenskyy Following Deal With Putin Ret. Lt. Col. Lorraine, a 20-year combat veteran of the Air Force, got to personally know several Ukrainian veterans in his work with Metinvest. One veteran, affectionately known as "Wikipedia" for his vast knowledge, suffered an above-the-knee amputation in combat and had a prosthetic leg finished in Staten Island, New York, by the company. "They were all looking forward to their independence, to starting a life without a risk of harassment and getting back to their families," Lorraine said. "And then I get to tell you, that's that's no different than anyone, any veteran that I've ever met is our goal is, you know, secure and make our country safe." As far as the ongoing war with Russia, Lorraine urges Americans to see the plight of the Ukrainians as one that could rapidly affect us. "I just don't want to see U.S. troops there… My son served, and as I've said, he's a Purple Heart recipient. I don't want him serving," Lorraine said. "And if the Ukrainians, who are fighting an incredible fight against a world power, are holding their own, and have pushed Russia back to the edges of their borders, if they can do it with resources, not money, but resources, military resources, and I would also say humanitarian resources, if they can do that, I think we're all safer. I think Europe's safer and I think the United States is safer." AWP stresses that veterans share similarities all the world over, and that Ukrainian veterans returning to civilian life benefit from the same holistic approach that U.S. service members do. "Our motto at America's Warrior Partnership is 'together we can do better,'" Lorraine said. "And that's what I truly believe is what we're trying to do for Ukraine is work together with them so that they can do better."Original article source: Veterans organization gives back to severely wounded 'appreciative' Ukrainian soldiers
Fox News
27-03-2025
- Business
- Fox News
Veterans organization gives back to severely wounded 'appreciative' Ukrainian soldiers
One American veterans nonprofit is giving back to Ukrainian soldiers severely wounded in combat or in Russian war camps. The American Warrior Partnership (AWP), a 501c3 based in Georgia, seeks to address mental wellness challenges for veterans "long before a crisis occurs," according to its website. President Jim Lorraine, himself an Air Force veteran, shared with Fox News Digital AWP's partnership in aiding Ukrainian soldiers. "The American Warrior Partnership is a national veterans-serving nonprofit," Lorraine said. "Our focus is on getting to know veterans all over the country, understanding what they need on one hand, and then connecting them to local and national resources on the other, with the goal of improving their quality of life so that they have such a high quality of life that that suicide is not something they contemplate." The AWP recently teamed up with Metinvest, a group of steel and mining companies that operates in the U.S. and Ukraine and is Ukraine's largest company, to help transition thousands of their employees serving on the frontline back into the workforce. According to Ukrainian President Volodymyr Zelenskyy's estimates, 380,000 of his country's soldiers have been injured in the ongoing war with Russia. Approximately 57,000 of those have suffered severe amputations, putting Ukraine in a challenging position to reintegrate hundreds of thousands of injured service members back into civilian life. Metinvest hired AWP directly for this initiative, ensuring that no U.S. grant funds designated for American veterans were used in assisting Ukrainian veterans. The collaboration operates entirely using Metinvest's resources, reinforcing a commitment to supporting veterans without diverting aid intended for U.S. service members. Ret. Lt. Col. Lorraine, a 20-year combat veteran of the Air Force, got to personally know several Ukrainian veterans in his work with Metinvest. One veteran, affectionately known as "Wikipedia" for his vast knowledge, suffered an above-the-knee amputation in combat and had a prosthetic leg finished in Staten Island, New York, by the company. "They were all looking forward to their independence, to starting a life without a risk of harassment and getting back to their families," Lorraine said. "And then I get to tell you, that's that's no different than anyone, any veteran that I've ever met is our goal is, you know, secure and make our country safe." As far as the ongoing war with Russia, Lorraine urges Americans to see the plight of the Ukrainians as one that could rapidly affect us. "I just don't want to see U.S. troops there… My son served, and as I've said, he's a Purple Heart recipient. I don't want him serving," Lorraine said. "And if the Ukrainians, who are fighting an incredible fight against a world power, are holding their own, and have pushed Russia back to the edges of their borders, if they can do it with resources, not money, but resources, military resources, and I would also say humanitarian resources, if they can do that, I think we're all safer. I think Europe's safer and I think the United States is safer." AWP stresses that veterans share similarities all the world over, and that Ukrainian veterans returning to civilian life benefit from the same holistic approach that U.S. service members do. "Our motto at America's Warrior Partnership is 'together we can do better,'" Lorraine said. "And that's what I truly believe is what we're trying to do for Ukraine is work together with them so that they can do better."
